Category: Annuities

ATTORNEY NEWSLETTER Agents Always Get Paid How Commissions May Be Hidden Our litigators often explain in our blogs why we think annuities are not a good investment for seniors. Annuities are complex, hold your money hostage to withdrawal penalties, and charge high commissions and fees, among other downsides.  Fees and […]

ATTORNEY NEWSLETTER Agent Hype Covers Up Downsides Know What’s In The Fine Print Annuities pay big sales commissions to agents. Carriers in turn design new products so agents have more inventory to pitch. Fixed indexed annuities are currently the hottest and most over promoted product in the annuity world. Agents […]

ATTORNEY NEWSLETTER The Importance of Accurate Age and Income Information How Insurance Agents and Advisors May Mislead You and Carriers Our litigators think annuities are not a good investment for seniors, particularly when the application process can be rigged by an unscrupulous agent to make sure a sale goes through. […]

ATTORNEY NEWSLETTER Keeping Retirement Savings for Yourself Avoid Deferred Annuities With Fees and Surrender Charges The closer you get to retiring the more you try and save for the future. While saving as much as you can is important, where you put those savings is equally important. Insurance agents, financial […]

ATTORNEY NEWSLETTER The Truth About Deferred Annuities Buyer Beware Investment analyst Ken Fisher’s take on deferred annuities is blunt: “I’d rather die and go to hell before selling an annuity.” [1] As over the top that may sound, Fisher’s investment experience has taught him that annuities are costly and complicated […]

ATTORNEY NEWSLETTER Annuities Are Costly and Complicated Losses From Surrender Charges, Commissions, and Fees Annuities are complicated and risky and tie up your money for years, subject to penalties (for as long as 15 years under some contracts) if you need to take your money out. It’s easy to put […]

ATTORNEY NEWSLETTER Annuities Are Inherently Costly and Complicated Tying Up Your Money for Long Periods is Risky Industry reports say sales of annuities are up. That is not good news for consumers. These insurance products are costly, complicated, and risky and tie up your money for years, hostage to penalties […]

ATTORNEY NEWSLETTER Annuities Are Inherently Costly and Risky Another Risk: Carriers Sell Annuities Industry reports say sales of annuities are up. That is not good news for consumers. These insurance products are costly, complicated, and risky and tie up your money for years, hostage to penalties if you need to […]

ATTORNEY NEWSLETTER Social Security Benefits and Income Planning Insurance Agents and Advisors May Mislead You Social Security is a big part of planning for the future. Once eligible, married couples each receive their own benefits when living but when one spouse dies, the double benefits do not continue.  The survivor […]

ATTORNEY NEWSLETTER Beware Annuities, Whole Life Insurance and Equity-Indexed Universal Life Insurance Drawbacks and Downsides Unsuitable for Seniors Sales of annuities and whole life insurance and universal life insurance are trending up in 2019. That’s bad news. In uncertain times, insurance agents and financial advisors push annuities and life insurance […]